The U.K. Labour Party reclaimed power in a landslide election win on July 4, ending 14 years of Conservative Party rule. Amid rising poverty and turmoil, incoming Prime Minister Keir Starmer promised to “heal the nation” and rebuild Great Britain “brick by brick.”

Watch the above video as Straight Arrow News contributor Peter Zeihan covers this historic win, what it means for Great Britain, and what he says it will take for the U.K. to actually overcome the obstacles ahead.

The following is an excerpt from Peter’s July 10 “Zeihan on Geopolitics” newsletter:

In case you’ve been buried neck deep in U.S. political news, there are some fairly important elections taking place across the globe. For the first country in our little global election coverage, we’ll be looking at the United Kingdom.

The U.K. has had plenty of ups and downs throughout its history; from emerging as a global financial hub during the industrial revolution, to falling from grace in the post-World War II era, to joining the EU in the ’70s and revitalizing London as a financial center… and then starting the cycle all over again with Brexit. So, what’s the significance of the most recent election?

The Labour Party took a nice victory and knocked out 2/3 of the ruling Conservatives from their seats. This will allow the Labour Party to steer the direction of the country, but they’ll have their work cut out for them. If we’re going to see the U.K. regain significance, they’re going to have to undergo a comprehensive economic realignment OR swallow their pride, trade in their tea for coffee, and partner up with North America.